Robeco Institutional Asset Management B.V. Acquires 57,967 Shares of Textron Inc. (NYSE:TXT)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Textron Inc. (NYSE:TXT) by 13.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 495,411 shares of the aerospace company’s stock after buying an additional 57,967 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Textron were worth $43,884,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Textron by 90.0% during the third quarter. Farther Finance Advisors LLC now owns 1,706 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 808 shares in the last quarter. US Bancorp DE boosted its position in shares of Textron by 0.8% during the 3rd quarter. US Bancorp DE now owns 25,256 shares of the aerospace company’s stock worth $2,237,000 after purchasing an additional 192 shares in the last quarter. abrdn plc grew its stake in shares of Textron by 2.9% in the 3rd quarter. abrdn plc now owns 73,417 shares of the aerospace company’s stock valued at $6,431,000 after buying an additional 2,075 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Textron by 37.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,620 shares of the aerospace company’s stock worth $2,181,000 after buying an additional 6,766 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Textron by 10.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,849 shares of the aerospace company’s stock worth $784,000 after acquiring an additional 845 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Textron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Robert W. Baird lowered their price objective on shares of Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. TD Cowen cut shares of Textron from a “buy” rating to a “hold” rating and reduced their price objective for the company from $103.00 to $95.00 in a report on Wednesday, September 25th. Morgan Stanley lowered shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a report on Thursday, August 8th. Finally, Citigroup lifted their price target on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.56.

Textron Trading Up 1.6 %

NYSE TXT opened at $83.34 on Wednesday. The business’s fifty day moving average is $86.84 and its 200-day moving average is $87.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.47 and a beta of 1.24. Textron Inc. has a one year low of $74.13 and a one year high of $97.33.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm posted $1.49 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Textron Inc. will post 5.52 EPS for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Friday, December 13th. Textron’s dividend payout ratio (DPR) is 1.76%.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.